Consolidated Edison (ED) has found itself in the spotlight on multiple fronts. The utility company recently raised its price target to $112 by an analyst, spurring mixed reactions among market watchers. Key metrics in Q2 earnings have come under scrutiny, with net income jumping 22%, leading to beating the estimates. Despite beating estimates on strength in the electric and gas segment, some analysts have still maintained a sell rating on the company. The board significantly strengthened by the appointment of an executive from SBA Communications. Yet, public backlash on its power-bill threatens to derail New York's climate goals. There's been notice of a dividend payout alongside a common stock dividend declaration which has received both positive and negative perspective by different analysts. Con Edison's investment strategy witnessed consistent profit gains shaping its story despite analysts seeing another picture; a bearish technical one amid mixed sentiment. Con Ed projected second quarter earnings for 2025 and held public offerings of common shares. Concerns over rate hikes have locals voicing their outrage, while passive income seekers might leverage the current investment environment around this utility company.
Consolidated Edison ED News Analytics from Tue, 03 Dec 2024 08:00:00 GMT to Sat, 09 Aug 2025 09:51:32 GMT -
Rating 0
- Innovation 0
- Information 5
- Rumor -2
